Published on : Jul 18, 2018
Albany, New York, July 18, 2018: Peanuts are a rich source of polyunsaturated fatty-acids and hence have a wide application in food industries for the health benefits it imparts. Recently, a fresh study focusing on the global consumption of peanuts has been launched to the massive online repository of Market Research Hub (MRH), with the title of “Global Peanuts Market by Manufacturers, Regions, Type and Application, Forecast to 2023”. This 148 pages study provides a comprehensive analysis of the current as well as future growth projections for the market until the end of 2023. As per the findings, the global peanut market has showcased significant growth over the past few years and is anticipated to generate substantial revenue in future till 2023.
Key Insights from the Study
This 148-pages study begins with a brief overview of the market with a prime focus on regions such as Europe, Asia Pacific, North America, Latin America, and the Middle East and Africa. The market overview section of the report showcases the market dynamics and trends such as the drivers, restraints, and opportunities that influence the current nature and future status of this market. It also includes details of the competitive scenario of the market by briefing profiles of key vendors functioning in the global market for peanuts and their progress so far.
The study presents a detailed introduction of peanuts. Peanut or groundnut is a species in the family Fabaceae (commonly known as the bean, pea or legume family). Peanuts contribute approximately 1.2% to the gross value of field crops. Peanuts can be consumed in an unprocessed state, but they also serve in the economy as raw materials for the manufacturing of various products. The high nutrient value of peanuts makes its consumption more popular amongst the health-conscious consumers. The figures displayed in the study reveals that, the overall upward trend of peanut production in the past four years (2012-2016) global peanut production increased from 41311 K tons to 45032 K tons.
Moreover, a detailed segmentation of the market has been represented in the report, which includes market analysis by type, and applications. According to the latest research findings, the wide application of peanuts in the food industry is considered as a major driver for peanuts market. In terms of geography, the study stated that the nut is now widely found in India, China, Africa, and other nations of the world. Currently, China, India and Nigeria are the world's three major peanut-producing countries. By type, the study covers ordinary, Multi-grain type, waspish type and pearl bean type. Application-wise segmentation includes oil, seed and food.
Another major fact about the peanuts that it has high nutritional value of protein in plants. With the US, Europe, Japan and other countries off eating peanuts and other nuts food diet trend, consumption of peanut and its products increased year after year. Thus, increasing future demand for peanuts, production and supply is destined to continue to grow in coming years.
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